Firsthand Technology Value Fund Announces First Quarter Financial Results, NAV of $0.12 Per Share

Core Viewpoint - Firsthand Technology Value Fund, Inc. reported a decline in net assets and investment performance for the quarter ended March 31, 2025, indicating challenges in its portfolio management and market conditions [1][2][5]. Financial Summary - As of March 31, 2025, the Fund's net assets were approximately $0.8 million, or $0.12 per share, down from $1.1 million, or $0.15 per share as of December 31, 2024 [2]. - The Fund's total assets were valued at approximately $1.49 million, with total liabilities of $0.65 million, resulting in net assets of $0.84 million [3]. - The Fund reported total investment income of approximately $6 thousand for the quarter, with a net investment loss of approximately $113 thousand and net realized and unrealized losses on investments of approximately $110 thousand [5]. Portfolio Management - The Valuation Committee adjusted the fair values of private companies in the portfolio, considering performance, recent transactions, and market multiples [4]. - The Fund continued to manage its portfolio prudently, collaborating with portfolio companies to enhance performance and identify exit opportunities [6]. Company Overview - Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund focused on technology and cleantech investments, aiming for long-term capital growth [7][8].